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Energy

NZ Outdoors & Freedom Party: Billion-dollar LNG experiment will triple electricity fuel costs

DTNZ Politics -

New Zealand is sleepwalking into an energy crisis, and the Government’s proposed solution will cost every household and business in the country dearly for...

US strikes targets across Iran as oil prices surge

Daily Telegraph NZ -

CENTCOM described the new wave of attacks as self-defense against “unwarranted aggression”. The United States has carried out strikes in Iran for the second consecutive...

$55m released for first superhot geothermal well

Daily Telegraph NZ -

The government's push to unlock a new generation of geothermal energy has taken a major step forward, with Cabinet approving the release of the...

New energy security plan targets power price stability and dry-year risks

Daily Telegraph NZ -

The Government has unveiled a two-pronged strategy aimed at strengthening New Zealand's energy security and shielding households and businesses from future electricity shortages and...

Marsden Point diesel storage upgrade completed

Daily Telegraph NZ -

Work to bring an additional 93 million litres of diesel storage capacity back into service at Marsden Point has been completed, paving the way...

Peters backs rail-led freight expansion and pushes case for Marsden Point link

Daily Telegraph NZ -

Rail Minister Winston Peters has used a speech to regional leaders in Whangārei to champion rail as the backbone of New Zealand’s freight network,...

Three firms selected for Marsden Point rail link design competition

Daily Telegraph NZ -

The Government has moved a step closer to advancing the proposed Marsden Point Rail Link, with KiwiRail identifying three infrastructure companies to compete in...

First shipment of government diesel reserve heads to NZ

Daily Telegraph NZ -

The first shipment of New Zealand’s new government-controlled diesel reserve is on its way to Marsden Point, with officials saying the move will strengthen...

Gas at $4: Understanding America’s strange obsession

Daily Telegraph NZ -

Fuel prices in the US are akin to a constantly displayed economic scorecard where the pump can trump politics Gas prices in the US have...

Big power firms targeted with new electricity market rules

Daily Telegraph NZ -

The Government has announced new electricity market rules aimed at stopping New Zealand’s four largest gentailers from using their market dominance to disadvantage smaller...

$1.2 billion scheme launched to help businesses move away from gas

Daily Telegraph NZ -

The Government has unveiled a new loan guarantee scheme aimed at helping businesses reduce their reliance on natural gas, as it says New Zealand...

Fuel reserves remain stable – MBIE

Daily Telegraph NZ -

New government figures show the country’s fuel reserves remain within normal operating levels, despite modest declines in petrol and jet fuel stocks. Data released by...

NZ First unveils proposal for Special Economic Zone at Marsden Point

Daily Telegraph NZ -

New Zealand First has announced plans to establish a Special Economic Zone at Marsden Point, centred around the former oil refinery site and Northport,...

Fourth oil and gas exploration bid opens for Waikato region

Daily Telegraph NZ -

Resources Minister Shane Jones says a fourth petroleum exploration permit application has entered the competitive approval process since the Government lifted the oil and...

Luxon blasts OECD LNG warning as ‘rubbish’

Daily Telegraph NZ -

Prime Minister Christopher Luxon has rejected OECD criticism of the Government’s proposed LNG import facility, calling the report “a load of rubbish” and insisting...

Government secures emergency diesel stockpile

Daily Telegraph NZ -

The government has finalised a deal with Z Energy to secure almost 90 million additional litres of diesel fuel, equivalent to about nine days...

World oil reserves drain at record pace

Daily Telegraph NZ -

Disruptions in the Strait of Hormuz are pushing global inventories toward operational ‘stress’ and ‘floor’ levels, the outlet has reported. Global oil inventories are shrinking...

Beyond Hormuz: This oil giant is plagued by a curse

Adamu B. Garba II -

Nigeria’s oil, pumped from its own soil, is systematically routed away from its own shores. For Nigeria, Africa’s largest oil producer and one of its...

Oil trader pockets reported USD $125m on suspiciously well-timed Iran bet

Daily Telegraph NZ -

The alleged trade came shortly before reported progress toward US-Iran deal to end the war, raising suspicions of insider information. A massive crude oil bet...

Global oil shortages to hit within weeks – Chevron CEO

Daily Telegraph NZ -

Concerns over availability will soon replace fears about price, according to Mike Wirth. Physical oil shortages could begin to emerge worldwide within weeks due to...

UAE exits another oil exporters’ group

Daily Telegraph NZ -

The move comes just days after the Gulf nation broke with OPEC and OPEC+, citing the need to gain more flexibility over oil output. The...

NZ and Singapore sign deal to safeguard fuel and food supply chains

Daily Telegraph NZ -

New Zealand and Singapore have signed a new bilateral agreement aimed at ensuring the uninterrupted flow of essential goods such as fuel, food and...

Oil spikes to highest price since 2022

Daily Telegraph NZ -

The jump follows reports of Donald Trump being ready to continue the blockade of Iranian ports “for months”. The price of Brent crude oil rose...

Bangladesh enters nuclear era with Russian-built power project (Video)

Daily Telegraph NZ -

RT India reports from the Rooppur Nuclear Power Plant on a major milestone for the South Asian nation. The beginning of fuel loading at the...

More countries ‘very likely’ to leave OPEC – ex-UAE diplomat (VIdeo)

Daily Telegraph NZ -

The UAE’s decision to withdraw from the cartel had been “a long time coming,” Obaid Ahmed Al-Zaabi has said. More countries are “very likely” to...

40 years after Chernobyl: Inside the night the Soviet nuclear dream exploded

Evgeny Norin -

The story of the operators, firefighters, evacuees, and survivors caught in the world’s worst nuclear disaster. The dosimeters went off scale. A huge plume of...

UAE quits OPEC

Daily Telegraph NZ -

The United Arab Emirates has announced it will leave the OPEC and OPEC+ alliances this week, citing national interests and a shifting long-term energy...

Government targets fuel rules amid global risk

Daily Telegraph NZ -

The Government is preparing to ease or suspend regulations it says are limiting New Zealand’s ability to respond to potential global fuel disruptions, as...

Willis meets Australian treasurer as fuel pressures rise

Daily Telegraph NZ -

Finance Minister Nicola Willis has met with Australian Treasurer Jim Chalmers in Brisbane for the annual trans-Tasman economic dialogue, with talks focusing on fuel...

Fire breaks out at new Indian oil refinery

Daily Telegraph NZ -

A fire at the HPCL Rajasthan Refinery in Balotra district was likely triggered by a hydrocarbon leak in a heat exchanger circuit, according to...

Trump thanks Iran for opening Strait of Hormuz as oil prices in freefall

Daily Telegraph NZ -

The US president vowed, however, to continue to blockade Iranian ports. Iran has announced that it will allow passage for “all commercial vessels” through the...

Australia secures diesel shipments as government activates fuel security powers

Daily Telegraph NZ -

Australia has moved to strengthen its fuel reserves, with Prime Minister Anthony Albanese confirming the government has backed the purchase of 100 million litres...

Fuel shock threatens construction costs surge

Daily Telegraph NZ -

Rising fuel prices linked to conflict in the Middle East are expected to drive sharp increases across the construction sector, with experts warning the...

Fire erupts at Australian oil refinery

Daily Telegraph NZ -

A late-night fire has broken out at a major oil refinery in Geelong, prompting an emergency response and warnings to nearby residents. The blaze started...

Fury over fuel: protests across Northern Ireland

Daily Telegraph NZ -

Demonstrators have caused traffic disruptions, taking their cue from rallies held in the Republic of Ireland as prices soar. Police in Northern Ireland have slapped...

NZ retail sector hit by skyrocketing fuel prices

Daily Telegraph NZ -

New Zealand’s retail sector is facing a significant decline hidden by the global fuel spike that is draining household budgets, says Retail NZ Chief...

Oil jumps above USD $100 after Iran talks collapse

Daily Telegraph NZ -

Oil prices climbed back above $100 on a barrel on Monday as markets reacted to the breakdown in US-Iran negotiations and renewed geopolitical tensions,...

Wind power is not the harmless energy source liberals said it was

Robert Bridge -

Illegal logging, huge decommissioning costs, and even ecological damage plague the supposedly ‘green’ generators. They may appear to be innocuous – even elegant – on...

Middle East war triggering global energy ‘shock’ – IMF

Daily Telegraph NZ -

Disruptions to oil and gas supplies will leave lasting “scars” on the world economy, managing director Kristalina Georgieva has said. The war in the Middle...

US energy giants report fallout from Middle East war

Daily Telegraph NZ -

Exxon and Chevron have both disclosed production declines which resulted from the Iran conflict. US energy giants ExxonMobil and Chevron have reported lower production and...

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